In today’s Asian trading session, the US Dollar witnessed a slight decrease against the Turkish Lira, positioning itself under the 32.300 threshold. This movement reflects a calm market environment as there are no significant economic announcements expected from Turkey today. Investors are instead turning their attention to the United States, where the Producer Price Index (PPI) data is slated for release.
These economic indicators are crucial as they provide insights into inflationary trends, which could influence the Federal Reserve’s policy decisions. Such data are especially significant for traders utilizing advanced trading technologies. Remarkably, users of a sophisticated AI trading system have reported extraordinary success, managing to predict market movements effectively and securing a 34% return on investment effortlessly within just 24 hours. Learn more about this AI-driven success.
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table – 14/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 32.3535 | Daily R2 |
| Resistance 1 | 32.3013 | Daily R1 |
| Support 1 | 32.1621 | Daily S1 |
| Support 2 | 32.1099 | Daily S2 |
USDTRY Indicator Table – 14/05/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
USDTRY Indicator / Period Table – 14/05/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Sell | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
USDTRY 14/05/2024 – Reference Price : 32.2132
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (3) |
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